NVGS vs TK: Correlation
Measured on weekly returns over the past three years, Navigator Holdings Ltd. (NVGS) and Teekay Corporation Ltd. (TK) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVGS and TK?
Across a 3-year window, the weekly returns of NVGS and TK correlate at 0.71, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.71 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 740.0 %².
In NVGS's tracked universe of 15 assets, TK sits right near the top at #1. Correlation aside, the last 12 months split them widely, with TK ahead by 32.9 points (+37.5% versus +70.4%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NVGS vs TK: side by side
| NVGS (Navigator Holdings Ltd.) | TK (Teekay Corporation Ltd.) | |
|---|---|---|
| 1-year return | +37.5% | +70.4% |
| 5-year return | +159.5% | +508.0% |
| Volatility (ann.) | 28.8% | 36.4% |
| Beta vs S&P 500 | 0.68 | 0.60 |
| Max drawdown (3Y) | -38.9% | -32.2% |
| Market cap | $1.4B | $1.1B |
| P/E (trailing) | 9.9 | 5.9 |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVGS | TK |
|---|---|---|
| 2022 | +34.8% | +44.6% |
| 2023 | +22.5% | +57.5% |
| 2024 | +6.8% | +11.5% |
| 2025 | +14.4% | +48.2% |
| 2026 | +28.1% | +52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVGS and TK good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NVGS and TK?
The NVGS/TK correlation stands at 0.71 on a 3-year window (1 year: 0.77, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is TK a good diversifier for NVGS?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvgs-vs-tk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvgs-vs-tk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVGS correlations · TK correlations
